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1315 Southlawn Blvd
New Orleans, LA 70114
Value-add 76 unit Multifamily In New Orleans · Multifamily Property For Sale
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76 Units
Investment Highlights
- Prime opportunity to acquire an 86,000 SF, 76-unit multi-family community spread across 25 buildings in New Orleans, LA.
- Features include concrete paved parking, signage, fencing, playgrounds, landscaping that includes mature trees, open grass areas, and more.
- New finishes include granite countertops, all electric appliances, stainless steel range/ovens, dishwashers, refrigerators & sinks, + washer & dryer.
- Constructed in the 1960s and renovated in 2019 to keep up with increasing multi-family demand and modern amenities.
- Cash-flowing property with value-add potential as first-year NOI is just north of $588,000 and current occupancy is 76%.
- Located near Delgado Community College, and retailers like Family Dollar, Waffle House, McDonald’s, Winn-Dixie, and TJ Maxx.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 9.88 AC |
| Type of Ownership | Fee Simple | Building Size | 86,159 SF |
| No. Units | 76 | Average Occupancy | 76% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2019 |
| Apartment Style | Garden | Parking Ratio | 1.74/1,000 SF |
| Building Class | C | Parcel Number | 5-13-5-088-10 |
| Zoning | RPC | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.88 AC |
| Building Size | 86,159 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2019 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | RPC |
| Parcel Number | 5-13-5-088-10 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- Courtyard
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